89 Oak AvenueShirleyNY11967
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Shirley at 89 Oak Avenue, Shirley, NY, 11967 priced at $489,000 converts $3,056/mo rent into after a $2,393/mo obligation. Total monthly income equals $3,056/mo. Return on cash invested prints 18.36% in year one, and rental yield reads 7.5% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 95.18% and total cumulative return in cash sums $154,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,056/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11967, Shirley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,550 (100%) |
| Owner Occupied HU | 6,830 (79.9%) |
| Renter Occupied HU | 1,248 (14.6%) |
| Vacant Housing Units | 472 ( 5.5%) |
| Median Home Value | $456,058 |
| Average Home Value | $508,929 |
Housing Distribution
Address Breakdown
Residential
8,270
Single Family
8,270
Multi-Family
0
Businesses
497
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